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Glencore (GLEN)

224.40p

15:54 16/08/19

  • 1.01% 2.25p
  • Today's Low & High
  • 222.60 / 226.34
  • Open / Previous Close
  • 224.75 / 224.40
  • 52-week range
  • -26.39% -80.45p
  • Volume
  • 27,695,576
  • Market Cap(million)
  • £30,479.55m

224.85p REAL TIME BATS

  • 16:31 16/08/19
  • 1.17%
  • 2.60p

Technical Analysis

Support and resistance levels

S1

2.22
-1.00%

R1

2.55
14.00%

S2

1.98
-12.00%

R2

2.64
18.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.22
  • 2.20
  • Levels of negotiation support resistance
  • 2.26
  • 2.28

Technical situation

Bearish after loss of support in 2.55. Stabilized as it doesn't fall below 2.22.

Recommendation

Short term comment

It should be pointed out that the loss of the short/mid-term previous support located at 2.55 has damaged the long-term structure, turning to bearish for every analysis term; however, some slight exhaustion of the bearish bias is detected in very short terms, although any positive bias would be lost again if it should lose 2.22.

Long term comment

From some months ago, long-term scenario remains bearish. Exhaustion signals that could alert for an upwards trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 27.13 30.75 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 29.87 31.78 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 32.05 33.40 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 37.49 38.09 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 45.72 45.84 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Simple Moving Average 7 2.31 2.31
Simple Moving Average 21 2.53 2.51
Simple Moving Average 50 2.64 2.64
Simple Moving Average 200 2.90 2.89
Exponential Moving Average 7 2.32 2.30
Exponential Moving Average 21 2.47 2.45
Exponential Moving Average 50 2.47 2.45
Exponential Moving Average 200 2.47 2.45 Indefinite long-term trend.
MACD Line -0.12 -0.12 Price following bullish trend.
MACD Signal -0.09 -0.10 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2.38 2.36 Very short-term trend is bearish.
Double Exponential Moving Average 21 2.65 2.64 Bearish mid-term trend.
Double Exponential Moving Average 50 2.65 2.64
Double Exponential Moving Average 200 2.65 2.64
Divergences n/a n/a NO
On Balance Vol. -20,278,558.34 -21,108,856.06 OBV is bearish.
Momentum 7 -0.03 -0.12 High falling speed, though not extreme, in very short terms.
Momentum 7 -0.55 -0.49 Extremely high short-term falling speed.
% K Williams 46.77 43.55 Neutral, doesn't favour a price turn.
Priority Date Notification
13/08/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
12/08/2019 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
09/08/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
08/08/2019 Clear oversell according to RSI7, which could develop a short-term turn.
08/08/2019 RSI14 points some overselling, which if increasing, is likely to reflect renewed short and mid term bullish pressure.
08/08/2019 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
07/08/2019 Clear oversell according to RSI7, which could develop a short-term turn.
07/08/2019 RSI14 points some overselling, which if increasing, is likely to reflect renewed short and mid term bullish pressure.
06/08/2019 Clear oversell according to RSI7, which could develop a short-term turn.
06/08/2019 RSI14 points some overselling, which if increasing, is likely to reflect renewed short and mid term bullish pressure.
05/08/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.